DEGROEP
ActiveSummary
DEGROEP has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €791,193 and a net result of €128,943. Equity is growing by ~24.4% per year across the filed fiscal years. Its solvency ranks better than 53% of 37969 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability81▼-7
Solvency86▼-14
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60,000 at 30 days acceptable
Liquidity ample (current ratio 13.57 against 4.67 in 2023; short-term debt: 6.6% and cash: 1.6% of total assets), and 39.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
60.9%
Return on assets
9.9%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
on the day
2022
37 d late
2021
2 d early
2020
60 d late
2019
21 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 30 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€791,193▲ 12.5%
2023 · €703,250
Total assets
€1.3m▲ 42.2%
2023 · €913,962
Net result
€128,943▼ 10.6%
2023 · €144,268
Working capital
€1.1m▲ 63.2%
2023 · €656,213
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€261,616▲ 169%€147,820▼ 43.5%€221,329▲ 49.7%€200,108▼ 9.6%€170,104▼ 15.0%
Net result€177,087above the sector's middle half▲ 165%€108,108above the sector's middle half▼ 39.0%€156,225above the sector's middle half▲ 44.5%€144,268above the sector's middle half▼ 7.7%€128,943above the sector's middle half▼ 10.6%
Equity€366,849above the sector's middle half▲ 91.7%€473,357above the sector's middle half▲ 29.0%€601,982above the sector's middle half▲ 27.2%€703,250above the sector's middle half▲ 16.8%€791,193above the sector's middle half▲ 12.5%
Total assets€485,629within the sector's middle half▲ 94.5%€599,954above the sector's middle half▲ 23.5%€741,725above the sector's middle half▲ 23.6%€913,962above the sector's middle half▲ 23.2%€1.3mabove the sector's middle half▲ 42.2%
Debt€118,780▲ 104%€126,597▲ 6.6%€139,743▲ 10.4%€210,712▲ 50.8%€508,205▲ 141%
Working capital€344,053above the sector's middle half▲ 118%€447,680above the sector's middle half▲ 30.1%€554,786above the sector's middle half▲ 23.9%€656,213above the sector's middle half▲ 18.3%€1.1mabove the sector's middle half▲ 63.2%
Solvency75.5%within the sector's middle half▼ 1.1pp78.9%above the sector's middle half▲ 3.4pp81.2%above the sector's middle half▲ 2.3pp76.9%within the sector's middle half▼ 4.2pp60.9%within the sector's middle half▼ 16.1pp
Current ratio3.90within the sector's middle half▼ 0.226.64above the sector's middle half▲ 2.736.52above the sector's middle half▼ 0.124.67above the sector's middle half▼ 1.8513.57above the sector's middle half▲ 8.90
Return on assets (ROA)36.5%above the sector's middle half▲ 9.7pp18.0%within the sector's middle half▼ 18.4pp21.1%within the sector's middle half▲ 3.0pp15.8%within the sector's middle half▼ 5.3pp9.9%within the sector's middle half▼ 5.9pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 15% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.3m
Fixed assets
€143,087 ▲ 81.1%
Current assets
€1.2m ▲ 38.5%
Equity and liabilities €1.3m
Equity
€791,193 ▲ 12.5%
Debt
€508,205 ▲ 141%
Debt's share of the balance-sheet total rises from 23.1% to 39.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€177,180▼
2023 · €207,531
Cash flow
€136,018▼
2023 · €151,691
Debt to equity
0.64▲
2023 · 0.30
ROE
16.3%▼
2023 · 20.5%
Interest coverage
7.87▼
2023 · 31.35
Debt ≤ 1 year
€85,181▼
2023 · €178,726
Debt > 1 year
€423,024▲
2023 · €31,191
Income taxes
€58,858▼
2023 · €66,396
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,810 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.1%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,810 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,892 | €13,236 | €6,872 | €7,422 | €7,075 | ▼ 4.7% |
| Other operating charges640/8 | - | €1,744 | €7,903 | €2,203 | €2,614 | ▲ 18.6% |
| Gross operating margin9900 | €274,931 | €162,800 | €236,105 | €209,734 | €179,793 | ▼ 14.3% |
| Operating profit (loss)9901 | €261,616 | €147,820 | €221,329 | €200,108 | €170,104 | ▼ 15.0% |
| Financial income75/76B | - | €7,356 | €10,937 | €17,175 | €40,214 | ▲ 134% |
| Recurring financial income75 | €889 | €7,356 | €10,937 | €17,175 | €40,214 | ▲ 134% |
| Financial charges65/66B | - | €2,455 | €4,556 | €6,619 | €22,517 | ▲ 240% |
| Recurring financial charges65 | €865 | €2,455 | €4,556 | €6,619 | €22,517 | ▲ 240% |
| Profit (loss) for the period before taxes9903 | €261,639 | €152,721 | €227,710 | €210,665 | €187,801 | ▼ 10.9% |
| Income taxes67/77 | €84,552 | €44,613 | €71,485 | €66,396 | €58,858 | ▼ 11.4% |
| Profit (loss) for the period9904 | €177,087 | €108,108 | €156,225 | €144,268 | €128,943 | ▼ 10.6% |
| Profit (loss) for the period to be appropriated9905 | €177,087 | €108,108 | €156,225 | €144,268 | €128,943 | ▼ 10.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €485,629 | €599,954 | €741,725 | €913,962 | €1.3m | ▲ 42.2% |
| Fixed assets21/28 | €23,094 | €72,882 | €86,446 | €79,024 | €143,087 | ▲ 81.1% |
| Tangible fixed assets22/27 | €23,094 | €72,882 | €86,446 | €79,024 | €143,087 | ▲ 81.1% |
| Land and buildings22 | - | €56,003 | €80,232 | €75,377 | €127,613 | ▲ 69.3% |
| Furniture and vehicles24 | - | €16,879 | €6,214 | €3,646 | €15,474 | ▲ 324% |
| Other tangible fixed assets26 | - | €0 | - | - | - | - |
| Current assets29/58 | €462,535 | €527,072 | €655,279 | €834,938 | €1.2m | ▲ 38.5% |
| Amounts receivable after more than one year29 | - | €280,000 | €363,609 | €273,609 | €238,609 | ▼ 12.8% |
| Other amounts receivable291 | - | €280,000 | €363,609 | €273,609 | €238,609 | ▼ 12.8% |
| Amounts receivable within one year40/41 | €159,381 | €91,063 | €183,328 | €394,369 | €891,234 | ▲ 126% |
| Trade receivables40 | - | €70,385 | €145,281 | €77,914 | €71,931 | ▼ 7.7% |
| Other amounts receivable41 | - | €20,678 | €38,048 | €316,455 | €819,303 | ▲ 159% |
| Cash at bank and in hand54/58 | €148,479 | €152,335 | €105,243 | €161,095 | €21,056 | ▼ 86.9% |
| Deferred charges and accrued income490/1 | - | €3,674 | €3,099 | €5,865 | €5,412 | ▼ 7.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €485,629 | €599,954 | €741,725 | €913,962 | €1.3m | ▲ 42.2% |
| Equity10/15 | €366,849 | €473,357 | €601,982 | €703,250 | €791,193 | ▲ 12.5% |
| Contributions10/11 | - | €7,000 | €7,000 | €7,000 | €7,000 | = |
| Reserves13 | €359,849 | €466,357 | €594,982 | €696,250 | €784,193 | ▲ 12.6% |
| Non-distributable reserves130/1 | - | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Reserves not available under the articles1311 | - | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Distributable reserves133 | - | €464,502 | €593,127 | €694,395 | €782,338 | ▲ 12.7% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €118,780 | €126,597 | €139,743 | €210,712 | €508,205 | ▲ 141% |
| Amounts payable after more than one year17 | €0 | €47,204 | €39,250 | €31,191 | €423,024 | ▲ 1,256% |
| Financial debts170/4 | - | €47,204 | €39,250 | €31,191 | €423,024 | ▲ 1,256% |
| Amounts payable within one year42/48 | €118,482 | €79,392 | €100,493 | €178,726 | €85,181 | ▼ 52.3% |
| Current portion of amounts payable after more than one year42 | - | €7,850 | €13,358 | €8,060 | €8,167 | ▲ 1.3% |
| Trade debts44 | €3,868 | €4,049 | €2,487 | €13,632 | €1,134 | ▼ 91.7% |
| Suppliers440/4 | - | €4,049 | €2,487 | €13,632 | €1,134 | ▼ 91.7% |
| Taxes, remuneration and social security45 | - | €66,374 | €83,528 | €116,184 | €75,880 | ▼ 34.7% |
| Taxes450/3 | - | €65,474 | €81,628 | €114,284 | €73,980 | ▼ 35.3% |
| Remuneration and social security454/9 | - | €900 | €1,900 | €1,900 | €1,900 | = |
| Other amounts payable47/48 | - | €1,120 | €1,120 | €40,850 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | €0 | - | €796 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €177,087 | €108,108 | €156,225 | €144,268 | €128,943 | ▼ 10.6% |
| + Depreciation and write-downs630 | €10,892 | €13,236 | €6,872 | €7,422 | €7,075 | ▼ 4.7% |
| Operating cash flow (approximation) | €187,979 | €121,344 | €163,097 | €151,691 | €136,018 | ▼ 10.3% |
| Investment in fixed assets (approximation) | - | -€63,023 | -€20,437 | €0 | -€71,139 | - |
| Change in cash | - | €3,856 | -€47,092 | €55,852 | -€140,039 | ▼ 351% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
01-09
State Gazette act
Director resignation · Director discharge
Director appointment · Permanent representative
25-03
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
24-03
State Gazette act
Director resignation · Director discharge
Director appointment · Permanent representative
20-03
State Gazette act
General meeting · Merger
Accounting effect · Dissolution · Lars HANSEN
10-02
State Gazette act
General meeting · Merger
Dissolution · Accounting effect
10-02
State Gazette act
General meeting · Merger
Accounting effect · Dissolution
04-02
State Gazette act
General meeting · Merger
Accounting effect · Dissolution
04-02
State Gazette act
General meeting · Merger
Accounting effect · Dissolution
04-02
State Gazette act
General meeting · Merger
Accounting effect · Dissolution
04-02
State Gazette act
General meeting · Merger
Dissolution · Accounting effect
04-02
State Gazette act
General meeting · Merger
Accounting effect · Dissolution
04-02
State Gazette act
General meeting · Merger
Accounting effect · Dissolution
Show earlier events
03-02
State Gazette act
General meeting · Merger
Accounting effect · Dissolution
02-02
State Gazette act
General meeting · Merger
Accounting effect · Dissolution
30-01
State Gazette act
General meeting · Merger
Accounting effect · Dissolution
29-01
State Gazette act
General meeting · Merger
Accounting effect · Dissolution
29-01
State Gazette act
General meeting · Merger
Accounting effect · Dissolution
29-01
State Gazette act
General meeting · Merger
Accounting effect · Dissolution
29-01
State Gazette act
General meeting · Merger
Accounting effect · Dissolution
28-01
State Gazette act
General meeting · Merger
Dissolution · Director resignation
28-01
State Gazette act
General meeting · Merger
Accounting effect · Dissolution
28-01
State Gazette act
General meeting · Merger
Accounting effect · Dissolution
2025
21-11
State Gazette act
Board meeting · Merger
Accounting effect · Corporate purpose
17-11
State Gazette act
General meeting · Board meeting
Statutes amendment · Corporate purpose · Lars Hansen
17-11
State Gazette act
General meeting · Board meeting
Statutes amendment · Corporate purpose
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Liquidity triplescurrent ratio 13.57
Current ratio from 4.67 to 13.57; short-term debt falls from €178,726 to €85,181.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 37 days late
2022
31-12
Financial
Equity above €500,000Eq €601,982 ▲27.2%
5 profitable years in a row build equity to €601,982.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 60 days late
2020
31-12
Financial
Highest result since 2018net €177,087 ▲165%
Operating result €261,616, net result €177,087, both a record.
31-12
Financial
Equity above €200,000Eq €366,849 ▲91.7%
3 profitable years in a row build equity to €366,849.
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
2019
31-12
Financial
Equity above €150,000Eq €191,362 ▲51.6%
2 profitable years in a row build equity to €191,362.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
01-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Waasmunster · 1 establishment unit since 2011
Ground area
503 m²
Building footprint
167 m²
Parcel 42342C1717/00N000, Flanders. Linked by address, not a title deed.
1 establishment unit
DEGROEP
since 20112.202.174.073
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42342C1717/00N000 | Flanders | 503 m² | 1 · 167 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
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Ownership & control
5 board mandatesBoard mandates of this companythis company sits on their board5
Recognitions · licences · registrations
Legal Entity Identifier
967600XKSNV0YAT15Q48
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 30,374 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded31-08-2011
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
77110Renting and leasing of cars and light motor vehicles
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0838893018
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.